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Alexander Hamilton (1755 – 1804) the nation's first Secretary of the Treasury, believed that our country needs a strong government that would be controlled by the rich and famous. After seeing what kind of trouble the country was in, he immediately wanted to establish economic policies. In his Reports on the Public Credit, Hamilton proposed that the federal government funded all national and state debts, giving America good credit with other countries. He later proposed the creation of a national bank, which helped to stabilize the economy by controlling inflation. Hamilton also encouraged governmental influence on industry through his Report on Manufactures. Hamilton’s efforts in initiating of national bank, debt assumption, and a protective tariff helped establish a stable economy through which the newly created United States could grow and prosper. When he got the job of treasurer in September of 1789, the nation owed more than 12 million dollars to foreign countries for loans to